Ann: CY20 Guidance Update & Joint Strategic Partnership With LNS, page-37

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Gucci

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12/12/20

11:40

Post #: 49530374
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Originally posted by jcallaway: ↑

Clearly an AUX mandated recalibration, new rules are being applied, the second announcement is the right tone.

The company is now a VAR\Integrator, now depending on other products...... to help start the sales conversation, from other market valid vendors, not just the VSN, as JT describes in the 14 page summary.

This is not a bad move, but what it does to margins and timing of a sales close, is not known.

This is an announcement of possible sales in another market.

To focus on the Foreign distributors total sales, Big number mentioning, is disingenuous at best. To make any assumption about what your sales might be, pure speculation. Got a Knuckle rap for that and the SP price is now rationalizing these "promises".

The restatement re-calibrates all this correctly, it is something potentially positive. They are in the market(s), and the markets are really tough, but the company is alive.

Gucci, as it is your background, could you opine on the qualifying word "Circa", on all the numbers, I missed the "Circa" Profits. In some other markets, they frown on the qualifier.

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I have never used the word "Circa" considering that in Audit we are looking for more accuracy so the meaning is no other than the dictionary meaning of "approximately" which we all are understanding I am sure... "forecast" is what management is aiming at all time and consistently revised in all management accounting for all Companies.

NET Price at posting: 7.1¢ Sentiment: Buy Disclosure: Held
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